Kidnap/Ransom and Extortion
Protection Against Kidnap, Ransom, and Extortion Risks.
Kidnap/Ransom and Extortion Insurance offers protection for organizations and individuals exposed to the risks of abductions and extortion. Designed for businesses and employees working in high-risk regions, this coverage helps manage financial losses resulting from kidnappings, ransom demands, or extortion attempts. By securing this insurance, companies can mitigate the severe impact such events can have on operations and personnel.
Key Benefits
- Financial Protection covers ransom payments and extortion-related costs.
- Risk Management helps businesses prepare for high-risk situations.
- Employee Safety provides security for staff in high-risk regions.
- Legal Support covers legal costs arising from a kidnap or extortion case.
- Crisis Management offers access to expert negotiators and advisors.
- Business Continuity helps minimize disruption during an incident.
Health Cover Up
to ₹50 Lacs
What is Kidnap/Ransom and Extortion?
Kidnap/Ransom and Extortion Insurance helps businesses protect themselves against the financial impact of kidnapping, ransom demands, and extortion. Designed for organizations with operations or employees in high-risk areas, this insurance covers ransom payments, legal fees, and crisis management, ensuring the business can respond effectively in such situations.
Why do you need Kidnap/Ransom and Extortion?
Protect Workers
Ensures your staff is safe even in volatile regions.
Minimize Extortion Loss
Safeguards your business from the costs of ransom payments.
Crisis Event Preparedness
Provides support and resources for managing crises effectively.
Protect Your Brand Reputation
Minimize the damage to your reputation during sensitive situations.
Why choose Insurance Manager to protect your business?
Comprehensive Protection for Your Workforce
Ensure employee well-being with complete health insurance coverage.
Comprehensive Protection for Your Workforce
Ensure employee well-being with complete health insurance coverage.
Cost-Effective Group Insurance Plans
Affordable plans with benefits like maternity, critical illness, and dependent coverage.
Cost-Effective Group Insurance Plans
Affordable plans with benefits like maternity, critical illness, and dependent coverage.
Peace of Mind for Employers and Employees
Reduce financial stress with cashless claims and reimbursement options.
Peace of Mind for Employers and Employees
Reduce financial stress with cashless claims and reimbursement options.
Boost Employee Productivity and Retention
Build loyalty and motivation by easing economic and mental burdens.
Boost Employee Productivity and Retention
Build loyalty and motivation by easing economic and mental burdens.
What does Kidnap/Ransom and Extortion
cover and exclude?
Plan Coverage
Kidnap/Ransom Coverage
Covers the financial losses from kidnapping or ransom incidents, including expenses for ransom payments or extortion.
Extortion Coverage
Protection against financial losses from extortion demands, including costs related to the extortion situation.
Premises Property Damage
Covers damage to premises or tangible property located on the insured’s premises during a kidnap or extortion event.
Contamination of Client Products
Protection for contamination of raw materials or products supplied to clients in the event of a ransom or extortion.
Proprietary Information Threats
Covers damages related to the dissemination, divulging, or use of the insured’s proprietary information during extortion.
Computer Virus Attacks
Includes coverage for the introduction of a computer virus as part of an extortion attempt.
Delivery Coverage
Covers money or other property conveyed to meet ransom or extortion demands.
Additional Expenses and Legal Costs
Covers additional expenses such as negotiator fees, ransom loan interest, salary continuation, medical costs, and legal fees.
- In-patient treatment 24 hours a day
- Pre-existing disease
- Pre and Post hospitalization
- Domiciliary hospitalization expenses
- Reimbursement of cost of health check-up
- All day care procedure
- Family floater to covers member’s immediate family such as a spouse, dependent children, dependent parents, etc.
- Maternity benefits
- Dental treatment
- Cost of spectacles, contact lenses
- Waiver of waiting period
- Waiver of first-year exclusions
- Reimbursement of ambulance costs
- Baby day one care
- Vaccination benefits
- Increased room rent limits
- Corporate buffer
- Out-patient treatment (OPD Card)
- Root canal surgery
- In-hospitalization expenses due to sickness or accidents
- Room and boarding expenses as provided by the hospital/nursing home.
- Nursing expenses.
- Surgeon, anesthetist, medical practitioner, consultants or specialist fees.
- Anesthesia, blood, oxygen, operation theatre charges, surgical appliances, medicines and drugs, diagnostic materials and X-Ray, dialysis or chemotherapy.
Major Exclusions
Acts of Terrorism
Excludes coverage for incidents resulting from acts of terrorism, such as politically motivated kidnaps or extortions.
War or Political Violence
Does not cover kidnaps or extortion incidents arising due to war, civil war, or political violence.
Employee Disputes
Excludes incidents related to kidnaps or extortion that are internal or related to disputes between the insured and their employees.
Pre-existing Conditions
Does not cover situations where the kidnapping or extortion is caused by an event or condition that existed before the policy.
Non-Compliance with Terms
Excludes coverage when the insured fails to comply with the policy's terms and conditions, including reporting requirements.
Purely Financial Loss
Does not cover financial losses that are not directly related to the ransom or extortion, such as goodwill loss or reputational damage.
Criminal Acts by Insured
Excludes coverage for kidnaps or extortions where the insured or any employee is found to have participated in the crime.
Failure to Pay Ransom
Does not cover the insured’s refusal or failure to make a ransom payment in accordance with the policy conditions.
- Treatment of pre-existing illnesses.
- Any treatment for illnesses/diseases within the first 30 days of the policy, unless it is an accident.
- Treatment of specified illnesses for the first year of the policy.
- Certain diseases like hernia, cataract, piles, sinusitis, etc are excluded during the first year of operation in the cover.
- Any claim arising out of or traceable to pregnancy.
- Ayurvedic, homeopathy, naturopathy or any other form of local medication.
- Alcoholism, drug abuse, and AIDS.
- Dental treatment or surgery unless it requires hospitalization.
- Cost of spectacles.
- Vaccination and inoculation.
- Cosmetic treatment.
Your Journey to Insurance Manager
When can I Claim?
A claim under Kidnap/Ransom and Extortion can be registered in the below circumstances:
- In the event of an employee or executive being kidnapped or held hostage.
- If the company faces extortion threats that could impact its operations.
- When ransom demands or extortion payments are made against the business or its employees.
Claim what’s yours with Insurance Manager
Have more questions?
Submission
Assessment
